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$564,450

NAL Estimated Property Value

609 Island Retreat Rd, Port Aransas, TX, 78373

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,200 Sq Ft
price_per_sqft$395.83 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Free-Standing Range, Disposal
FlooringCeramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDeck
Lot Size5,358 sqft

Building Information

Year Built1980
Stories2
Roof Type172

Land Information

APN5483-0002-0020
Lot Number2
SubdivisionMustang Estates - Pa
Land UseResidential
Legal DescriptionMUSTANG ESTATES - PA BLK 2 LOT 2
Census Tract005103
Assessed Land Value$214,440
Assessed Improvement Value$350,010
Assessment Year2025

About this property

Investor’s Special! Prime Port Aransas Retreat – Minutes from the Beach! This Port Aransas gem is just waiting for the right investor to add their personal touch. Perfectly located just minutes from the beach, with NO HOA, making it an unbeatable deal! Whether you're looking for a second home or a vacation rental, this property checks all the boxes. With 3 spacious bedrooms and 2 ½ bathrooms, it’s ideal for larger groups. The pool provides the perfect space for relaxation after a day at the beach. Port Aransas is Texas' #1 beach destination, and this property has all the potential to become your future second home or the perfect Short Term rental property. With some TLC, this could be your best investment yet! Don't miss out on a rare opportunity to own a slice of paradise in Port Aransas! Act fast—this one won’t last long!

Investor Tools

Property Icon
$564,450
Estimated Property Value
$293,149Estimated Mortgage Balance
$271,301Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,387 /month
Positive
Cash Flow Estimate:
$1,129 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$937/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,425
$564,450
2025
$214,440
$350,010
$564,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,425
$564,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$297,500
No
First
Jun 26, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,149
$271,301
48%
52%
$1,784/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$1,784/mo
+$166/mo
4.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Port Aransas

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609 Island Retreat Rd | Property Details | No Agent List